$475,000
489 Tahoe Keys Boulevard #46
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
1 Beds
·
1.5 Baths
·
845 Sq Ft
·
435 Lot

About This Property

Set within the coveted Tahoe Keys community, this beautifully updated waterfront townhome offers an exceptional blend of comfort, scenery, and lifestyle. With full access to community amenities and direct lake access nearby, the home includes a private boat slip conveniently located just steps away.Inside, thoughtful updates and an abundance of natural light highlight stunning views of the marina and Heavenly Ski Resort. The main living area is designed for both relaxation and entertaining, featuring soaring ceilings, expansive windows, and a cozy gas fireplace that anchors the space. Rich cherry wood cabinetry, granite tile countertops, and natural stone floors define the kitchen, creating a warm and functional gathering place.The lower level provides a peaceful retreat, where the bedroom features heated floors and custom built-in wardrobe storage. A bonus area on this level offers flexibility for a home office or taxa storage and closet space. The adjacent bathroom is finished with elegant travertine and stone and a stacked washer and dryer.Additional upgrades throughout the home include gleaming hardwood floors, heated entryway flooring, custom wood-clad windows and sliders, designer lighting, and smart thermostats for enhanced comfort and efficiency. Step outside to a private, sun-filled deck, an ideal spot for morning coffee or evening get-togethers while taking in the serene waterfront setting.Surrounded by year-round recreation including hiking, biking, and cross-country skiing, this partially furnished residence presents a rare opportunity for a turnkey mountain retreat or full-time lakeside living.

Listed by Demian Black — Sierra Sotheby's International Realty

Listing Details

Status Active
MLS # 142508
Days on Market 33
Sold Date 1800-01-01
Price/Sq Ft $562

Property History

Feb 11, 2026
Listed for sale
$475,000
Property Overview
Beds 1
Baths 1.5
Sq. Ft. 845
Lot Size 0.01 acres
Year Built 1975
Property Type Townhouse
Style Split Level
Subdivision Cove South A
APN 022421047000
Exterior & Lot
Exterior Features Boat Slip
Lot Features Water Front
View Mountains, Lagoon
Construction Wood Frame
Roof Pitched, Composition
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas, Radiant Heat-Floor
Financial
HOA Fee $4,037 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Spa, Hot Tub, Security, Beach, Dock, Pier, Boat Launch, Marina, Park, Other/See Remarks
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($95,000)
Home price
$475,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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